Which of the following is a way to deter entry?
A) increase costs through legislation that affects only new entrants
B) raise switching costs for customers that use your products
C) obtain a patent so that others must license your invention
D) All of the above.
D
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If each taxpayer is obliged to pay the same tax—a fixed sum of money—then the tax is
a. progressive b. proportional c. income based d. poll or head based e. excise based
Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called
a. detached workers, and they are classified by the Bureau of Labor Statistics as unemployed. b. detached workers, and they are not classified by the Bureau of Labor Statistics as unemployed. c. discouraged workers, and they are classified by the Bureau of Labor Statistics as unemployed. d. discouraged workers, and they are not classified by the Bureau of Labor Statistics as unemployed.